Why Did Bloom Energy Stock Tank Today?

Core Viewpoint - Bloom Energy has experienced significant volatility in its stock price, initially benefiting from the AI boom but now facing skepticism from investors regarding AI-related spending [1][3]. Group 1: Company Performance - Bloom Energy's shares surged during the AI boom, but have since dropped 46% from their October highs, including a 12.6% decline recently [1][5]. - The company announced a $5 billion deal with Brookfield Asset Management to build AI data centers powered by its fuel cell technology, but investor confidence in such large capital commitments is waning [3][5]. - Bloom Energy's market capitalization reached over $33.5 billion, driven by expectations of massive AI spending, despite reporting a record quarterly revenue of $519 million [5]. Group 2: Investor Sentiment - Increased scrutiny of AI spending has led to doubts about financing for major projects, such as a $10 billion data center in Michigan, previously announced with Oracle [4]. - Investors are now booking profits in Bloom Energy stock as the justification for its high valuation is being questioned [5][7]. - The Motley Fool Stock Advisor has identified other stocks as better investment opportunities than Bloom Energy, indicating a shift in investor focus [6][7].